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Nigerian Breweries reports 26.9% Q1 revenue jump triggering impressive bottom-line growth
NIGERIA – Nigerian Breweries, subsidiary of Heineken International, has reported a 38.59% year-on-year growth in profit to N7.66 billion (US$18.7m) for the first quarter of…
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AB InBev names new CEO to succeed Carlos Brito, reports 17.2% rise in Q1 revenues
BELGIUM – Michel Doukeris, president of the AB InBev’s North America business, has been unveiled as the CEO designate, to take over from Carlos Brito…
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Saudi Arabia privatizes barley imports and distribution business
SAUDI ARABIA – The Saudi Arabian government has complemented the full privatization of barley imports and distribution business in line with its November 2020 decree.…
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Shoprite banks on home market, opens multiple stores in South Africa
SOUTH AFRICA – Africa’s largest retailer Shoprite Holdings, has expanded its footprints in its home-market, South Africa, launching four new stores across three provinces. Being…
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South African fryers maker Kombo King to expand market following Vumela investment
SOUTH AFRICA – Kombo King, a South African kitchen equipment supplier focusing on the fried food niche market, has received an undisclosed amount of investment…